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USA, Inc Is Violating Public Trust, Contract and Statutory Code | US Spent $38,913,501,207.80 Over The Legal Limit

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We have been hearing a great deal about the United States of America Incorporated being a defunct and now bankrupt organization, which was mentioned in David Wilcocks recent disclosure. This corporation is the 4th servicing company that has gone bankrupt, for the continental United States since 1789.

This is very important because the debts which this corporation incurred are not the people’s responsibility. We are actually the creditors for this company, and as such any debt is actually owed to us. The criminal organization which presently managed this body would have us believe we are the debtors. See the post The National Debt Is Not For Americans To Payback | History of The Corporate Takeover of The Continental United States for a detailed account of this. 

The key point here is that the government is the servant of the people and not the reverse. Since it has breached the public trust, by claiming we are servants of government, and has pushed untold horrors on humanity, it is our duty to expose this insurgent run organization who has duped the people, and our opportunity to do so is strongest now. 
If the Cabal intends on using this false debt crisis as a way to impose more draconian measures on the people, we who are aware, can take this opportunity to reveal the truth, and show our sleeping brothers and sisters that we can reclaim our status as present beings and end the false paradigm of authority and control. 
Like many things in life, we often need to hit rock bottom before we feel driven to change. Please share this information with others and educate them. The conditions on Earth are co-creative result of all us, and together we can remake this world into the paradise it is meant to be. 

– Justin



Source – CNS News

(CNSNews.com) – According to the Daily Treasury Statement for Friday, April 3, which was published by the U.S. Treasury on Monday, April 6, that portion of the federal debt that is subject to a legal limit set by Congress closed the day at $18,112,975,000,000—for the 21st day in a row.
$18,112,975,000,000 is about $25 million below the current legal debt limit of $18,113,000,080,959.35.

Table III-C on the Daily Treasury Statement for April 3 shows that the federal debt subject to a legal limit began April at $18,112,975,000,000 and closed both April 2 and April 3 at that level.
The debt first hit $18,112,975,000,000, according to the Daily Treasury Statement, on March 13, which was the day Treasury Secretary Jacob Lew sent a letter to House Speaker John Boehner and other congressional leaders saying that he was planning to declare a “debt issuance suspension period.”
This was necessary, Lew explained, because in 2014 Congress enacted legislation that “suspended” the debt limit until March 15 and then reinstated it on that date at whatever level the debt had reached by then.
“As you know, in February 2014, Congress passed the Temporary Debt Limit Extension Act, suspending the statutory debt limit through March 15, 2015,” Lew said in his March 13 letter. “Beginning on Monday, March 16, the outstanding debt of the United States will be at the statutory limit. In anticipation of reaching that date, Treasury has suspended until further notice the issue of State and Local Government Series securities, which count against the debt limit.”

The federal debt subject to limit first closed at $18,112,975,000,000 on March 13. Since then, it has closed at that same level on every business day.
State and Local Government Series securities, the Congressional Research Service explains, are “customized securities available for state and local governments to hold proceeds of bond sales,” and are considered part of the federal government debt that is held by the public.
“Because Congress has not yet acted to raise the debt limit,” Lew said in his March 13 letter, “the Treasury Department will have to employ further extraordinary measures to continue to finance the government on a temporary basis. Therefore, beginning on March 16, I plan to declare a ‘debt issuance suspension period’ with respect to investment of the Civil Service Retirement and Disability Fund and also suspend the daily reinvestment of Treasury securities held by the Government Securities Investment Fund and the Federal Employees’ Retirement System Thrift Savings Plan.”
Lew noted that these same actions had been taken “during previous debt limit impasses.”
For example, as CNSNews.com reported, when Secretary Lew declared a debt issuance suspension period in 2013, the Treasury reported the debt subject to the limit was frozen at $16,699,396,000,000 for 150 days, running from mid-May to mid-October of that year.
On March 16 and 17 Lew sent additional letters to Congress further explaining the actions he would be taking during the “debt issuance suspension period” that began on March 16. The Treasury also posted Frequently Asked Question sheets that explained the actions and their statutory basis.
“Under current law, if the Secretary of the Treasury determines that the issuance of obligations of the United States may not be made without exceeding the debt limit, a ‘debt issuance suspension period’ may be determined,” the Congressional Research Service explained in a report published on March 27. “This determination gives the Treasury the authority to suspend investments in the Civil Service Retirement and Disability Trust Fund, Postal Service Retiree Health Benefit Fund, and the Government Securities Investment Fund (G-Fund) of the Federal Thrift Savings Plan.
“In addition,” said CRS, “this gives Treasury the authority to prematurely redeem securities held by the Civil Service Retirement and Disability Trust Fund and Postal Service Retiree Health Benefit Fund.”
“The total federal debt consists of debt held by the public and intragovernmental debt,” the CRS explained in a report published in 2011. “Debt owed to the public represents borrowing from entities other than the federal government, and includes borrowing from state and local governments, the Federal Reserve System, and foreign central banks, as well as private investors in the United States.
“Intragovernmental debt,” said CRS, “consists in debt owed by one part of the federal government to another, which are mostly held in trust funds.”
The net effect of the Treasury’s actions is that although the publicly held debt of the government continues to fluctuate–as the Treasury redeems maturing debt held by the public and issues new debt held by the public—the overall debt subject to the limit set by Congress closes each business day at $18,112,975,000,000.
As of March 13, according to the Daily Treasury Statement, the federal debt held by the public was $13,083,880,000,000. By April 2, it had risen to $13,096,592,000,000; and, by April 3, it had risen to $13,113,626,000,000.
But on all days from March 13 through April 3, the federal debt subject to the legal limit set by Congress was 18,112,975,000,000.
Attachment: 
 REACHING THE DEBT LIMIT-CRS-03-27-15.pdf
 OVERVIEW OF THE FEDERAL DEBT-CRS-05-11-11.pdf

_________

I checked the National Debt balance on the Treasury website in preparation for this article and noticed the debt has increased to the below figure; $18,151,888,501,207.83. This is $38,913,501,207.80 over the statutory limit set by congress. What this means is that the government is spending money beyond what is mandated by the people via congressional approval. Of course the congress we think of is not actually by the people, it is an insurgent run de facto body of criminals; the Cabal. In other words, the occupying corporation who invaded the continental United States is acting in breach of trust, breach of contract and in violation of statutory code. No matter how you look at it, this organization is insolvent and criminal. Please use this information to help wake up others around you. The people must know the truth, and with this knowledge, take action to end Cabal rule. 

I was not able to find any data stating the statutory limit was raised. If that data becomes available I will update this post accordingly. 

– Justin

Source – Treasury Direct

The Debt to the Penny and Who Holds It

( Debt Held by the Public vs. Intragovernmental Holdings )
Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
04/29/2015 13,051,327,764,093.97 5,100,560,737,113.86 18,151,888,501,207.83






Sources:



http://www.cnsnews.com/news/article/terence-p-jeffrey/21-days-treasury-says-debt-has-been-frozen-18112975000000

http://www.treasurydirect.gov/NP/debt/current

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